Poonawalla fincorp
Poonawalla fincorp

TDS

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 January 2011 A co.paid tds agnst a bill last month.They keep accounts in tally.Now the bill has been reversed and they got a refund.The tds already paid cant be reversed.so how do i account for it?How willi show it in the tds return?adjust it against the next bills?

what if the return had not been submitted?it wud be a simple reversal entry?
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
13 January 2011 This adjustment is possible, if done in the same quarter.

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